Bloomberg News

Shares of eBay (EBAY - Get Report)   rose 4.2% to $38.21 in premarket trading Wednesday after the online marketplace beat first-quarter earnings and revenue expectations.

The e-commerce giant reported $2.6 billion in revenue and adjusted earnings of 67 cents a share. Analysts had called for revenue of $2.58 billion and earnings of 63 cents a share.

Ebay also raised its full-year guidance partly on confidence from its first-quarter results, the company said in a press release. For 2019, the company guided for net revenue between $10.83 billion and $10.93 billion and adjusted earnings between $1.94 and $2.04 a share. 

"We delivered a solid first quarter with revenue and EPS," said Devin Wenig, eBay's president and CEO. "Our initiatives to create a next generation payment and advertising experience are on track, we saw healthy buyer growth and disciplined cost control, and we continue to simplify the buying process while remaining focused on seller's success."